Beacon Chain block 84921

Hash

943bf8bfc8b797eebf6f69a9a8e2f0c672736aa7f53ea1f025a651a1316b13ad4...

13 Dec 2021 22:20:59 UTC (3 years ago)

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The Beacon Chain is a key component of the Ethereum 2.0 upgrade, which introduces proof-of-stake to the network, fundamentally changing the consensus mechanism from proof-of-work to a more energy-efficient system. It acts as the central coordination and consensus layer, managing the network of validators, their stakes, and providing the backbone for shard chains to ensure scalability and security for the entire Ethereum ecosystem.